2015 Wyoming Code
TITLE 26 - INSURANCE CODE
CHAPTER 26 - FARM MUTUAL PROPERTY INSURERS
SECTION 26-26-111. - Bylaws; generally.

WY Stat § 26-26-111. (2015) What's This?

26-26-111. Bylaws; generally.

(a) Upon commencement of an insurer's legal existence, the members shall adopt original bylaws, not inconsistent with the Wyoming constitution or this chapter, as deemed necessary for the management of the insurer's affairs.

(b) Bylaws shall be made, modified and revoked only by vote of a majority of the insurer's members.

(c) A copy of the bylaws and any amendments thereto, certified by the insurer's secretary, shall be filed with the commissioner.

(d) The bylaws of a farm mutual insurer and any amendments thereto are binding upon all of its members, and are a part of the contract between the insurer and a member.

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